Getting financing approved for home buyers has become more and more challenging under all the new government imposed rules. For self employed home buyers, it becomes even more interesting.

That said, there are ways to get mortgage approved for these hard working individuals. The key to approvals for self employed buyer lies in asking the right questions and getting the proper documentation to support the claims regarding their type of work and the income being generated by the business.

Most self employed businesses have different ways of reporting their income, reducing all their taxes as much as possible. For these individuals their notice of assessment income is low due to write offs against their income. In order to qualify for mortgages, they need to demonstrate that their gross business income is reasonable enough to support the income level stated for them in order to have the deal approved.

One way for self employed individuals who are in sole proprietors and unincorporated business is by incorporating their business, since most banks do prefer salary. Once incorporated, the self employed individuals can pay themselves a salary, the other advantage of incorporating is it could also reduce tax rates and allow the business owner to collect a higher salary or dividend payout.

Most mortgage brokers have more ways to secure a loan for self employed individuals, they use alternate lenders that allow for more flexibility in getting the approvals in place without charging too high of a rate.

I certainly know couple of great mortgage brokers who can assist in helping self employed individuals obtain a mortgage here in Ottawa, please feel free to contact me for a referral and for your further investment or living arrangements.

CENTURY 21 John DeVries Ltd.

Testimonials Review of

Azzah and Mehmet – Ottawa

Nilay expertly and confidently guided us through the condo buying process. We greatly appreciated her advice, expert guidance and patience. We felt we were in very good hands!

2016-11-03T20:30:25+00:00

Azzah and Mehmet – Ottawa

Nilay expertly and confidently guided us through the condo buying process. We greatly appreciated her advice, expert guidance and patience. We felt we were in very good hands!

http://nilay.ca/blog/testimonials/azzah-mehmet-ottawa/

Nilay Ertemur

Dilek Akman

When we made a big decision about relocating to Canada from Turkey, one of our friends who lives in Ottawa suggested to us to work with Nilay to buy a house...So we contacted her while we still lived in İstanbul. Since the beginning, she was extremely kind, helpful, honest, available all the time. When we arrived at Ottawa, finally we met her and even though she wouldn't be in Ottawa for a while, she made sure that her colleague Stacey would really take care of us well and she did. Nilay was answering our questions even when she was out of the country on vacation and that's really very valuable manner and we really appreciated everything she has done. We are happy with our new home...Thank you so much Nilay...

2016-11-03T20:29:51+00:00

Dilek Akman

When we made a big decision about relocating to Canada from Turkey, one of our friends who lives in Ottawa suggested to us to work with Nilay to buy a house…So we contacted her while we still lived in İstanbul. Since the beginning, she was extremely kind, helpful, honest, available all the time. When we arrived at Ottawa, finally we met her and even though she wouldn’t be in Ottawa … Continue reading →

http://nilay.ca/blog/testimonials/dilek-akman/

Nilay Ertemur

TS & family, Ottawa

Anyone engaging the services of Nilay Ertemur has made a fortuitous decision. Words are not enough to describe this very warm and genuine bright light. You will experience her intelligence, her competence and realize that you are in very good hands. She possesses an impeccable professional attitude and great determination. She is our forever agent. Thank you Nilay.

2016-06-17T19:57:38+00:00

TS & family, Ottawa

Anyone engaging the services of Nilay Ertemur has made a fortuitous decision. Words are not enough to describe this very warm and genuine bright light. You will experience her intelligence, her competence and realize that you are in very good hands. She possesses an impeccable professional attitude and great determination. She is our forever agent. Thank you Nilay.

http://nilay.ca/blog/testimonials/ts-nilay-ertemur-agent-review/

Nilay Ertemur

Chantal Roy Armstrong, Ottawa

2015-01-17T11:20:57+00:00

Chantal Roy Armstrong, Ottawa

http://nilay.ca/blog/testimonials/chantel-roy-armstrong-ottawa/

Nilay Ertemur

Matthew Hall, Ottawa

2015-09-08T20:43:09+00:00

Matthew Hall, Ottawa

http://nilay.ca/blog/testimonials/matthew-hall-ottawa/

Nilay Ertemur

Century 21 – Outstanding Achievement Award

Sara Benzerga, Toronto

“It is with pleasure and gratitude that I share comments on my experience with Nilay Ertemur. Nilay was fantastic to work with. She is a very honest, hard-working, and dedicated agent when it comes to getting the job done for her clients. As a Mortgage Specialist with National Bank I was very pleased to work with Nilay and refer my clients to her.

“It is with pleasure and gratitude that I share comments on my experience with Nilay Ertemur. Nilay was fantastic to work with. She is a very honest, hard-working, and dedicated agent when it comes to getting the job done for her clients. As a Mortgage Specialist with National Bank I was very pleased to work with Nilay and refer my clients to her. Thus, I highly recommend Nilay Ertemur for … Continue reading →

http://nilay.ca/blog/testimonials/sara-benzerga-ottawa/

Nilay Ertemur

PM and DB, Ottawa

My husband and I first met Nilay Ertemur and her family at a social event. We found her to be a friendly, lively and well mannered person. We contacted Nilay when we decided to purchase a second property in Ottawa (Read more)

2015-05-25T21:20:48+00:00

PM and DB, Ottawa

My husband and I first met Nilay Ertemur and her family at a social event. We found her to be a friendly, lively and well mannered person. We contacted Nilay when we decided to purchase a second property in Ottawa (Read more)

http://nilay.ca/blog/testimonials/pm-and-db/

Nilay Ertemur

Kevin Sullivan

Nilay was extremely knowledgeable of the area and dealt with a very rushed move in an extremely professional manner. I had to find a place and close the deal in less than a week and am extremely happy with the services she provided.

2015-01-17T11:22:18+00:00

Kevin Sullivan

Nilay was extremely knowledgeable of the area and dealt with a very rushed move in an extremely professional manner. I had to find a place and close the deal in less than a week and am extremely happy with the services she provided.

http://nilay.ca/blog/testimonials/kevin-sullivan/

Nilay Ertemur

Karen Elder and Walter Pink

We cannot thank you enough for helping us find a place!! From the bottom of our hearts, we are truly grateful for all that you have done for us. Thank you just doesn't seem like enough. We are so excited to start a new chapter in our lives and it wouldn't have been possible without all your help.
Again, thank you so much!

2015-09-10T20:28:46+00:00

Karen Elder and Walter Pink

We cannot thank you enough for helping us find a place!! From the bottom of our hearts, we are truly grateful for all that you have done for us. Thank you just doesn’t seem like enough. We are so excited to start a new chapter in our lives and it wouldn’t have been possible without all your help. Again, thank you so much!

http://nilay.ca/blog/testimonials/karen-and-walter/

Nilay Ertemur

Raj & Suneth Walawege

At the beginning of the year, we were in the process of moving from Vancouver to Ottawa with two 6 month old babies. We were introduced to Nilay through a friend and she immediately got started with the house search. She understood our current and future needs, and recommended areas and homes where we could grow as a family. She has a very patient and pleasant personality and it was a pleasure to work with her. We are extremely happy with our new home in Ottawa. Thank you Nilay

2015-11-05T12:21:31+00:00

Raj & Suneth Walawege

At the beginning of the year, we were in the process of moving from Vancouver to Ottawa with two 6 month old babies. We were introduced to Nilay through a friend and she immediately got started with the house search. She understood our current and future needs, and recommended areas and homes where we could grow as a family. She has a very patient and pleasant personality and it was … Continue reading →

http://nilay.ca/blog/testimonials/raj-suneth/

Nilay Ertemur

VV, Ottawa

Professional. There are so many positive adjectives that could be used to describe Nilay Ertemur but her professionalism is what stands out and is what anyone in need of a realtor would need and appreciate. I highly recommend using her services.

2016-06-17T21:51:28+00:00

VV, Ottawa

Professional. There are so many positive adjectives that could be used to describe Nilay Ertemur but her professionalism is what stands out and is what anyone in need of a realtor would need and appreciate. I highly recommend using her services.

http://nilay.ca/blog/testimonials/vv-nilay-ertemur-service-review/

Nilay Ertemur

Zeynep Ekim

It was a pleasure working with Nilay when we were looking for a place to rent in Ottawa. She is a very professional yet sensitive and caring agent. She was always available to answer all our questions and concerns. She is very knowledgeable, detail oriented and values her clients very much, and does not hesitate to spend extra time. She is very trust worthy and I would not hesitate one second in recommending Nilay to anyone who is looking for a great real estate agent.

2015-01-17T11:21:35+00:00

Zeynep Ekim

It was a pleasure working with Nilay when we were looking for a place to rent in Ottawa. She is a very professional yet sensitive and caring agent. She was always available to answer all our questions and concerns. She is very knowledgeable, detail oriented and values her clients very much, and does not hesitate to spend extra time. She is very trust worthy and I would not hesitate one … Continue reading →

http://nilay.ca/blog/testimonials/zeynep-ekim/

Nilay Ertemur

Gulay Kosem

Thanks to Ms. Nilay Ertemur shortly after arriving to Ottawa, I found a rental apartment as I wished. She works very professionally. She dedicates all her efforts to satisfy her clients. She was always available and helpful.

2015-01-17T11:21:16+00:00

Gulay Kosem

Thanks to Ms. Nilay Ertemur shortly after arriving to Ottawa, I found a rental apartment as I wished. She works very professionally. She dedicates all her efforts to satisfy her clients. She was always available and helpful.